Do I need to file return if I made losses?

Forums Tax Filing Do I need to file return if I made losses?

Do I need to file return if I made losses?

I have no positive income this year as I made losses. Do I still need to file return of income?

Profile photo of Sharvari Jawale Asked By: Sharvari Jawale 1 replies 0 helpful answers Last Updated: 6 months, 2 weeks ago
  • Profile photo of Sharvari JawaleSharvari Jawale
    Participant

    I have no positive income this year as I made losses. Do I still need to file return of income?

  • Profile photo of Madhuri N MarneMadhuri N Marne
    Moderator

    If you have sustained a loss in the financial year, which you propose to carry forward to the subsequent year for adjustment against subsequent year(s) positive income, you must make a claim of loss by filing your return before the due date.

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